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Trump Reaffirms Threat of Tariffs on Cars from EU
President Donald Trump reiterated to reporters earlier today that he will impose tariffs on cars from the European Union if talks fail to produce a more balanced trade deal.
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President Donald Trump reiterated to reporters earlier today that he will impose tariffs on cars from the European Union if talks fail to produce a more balanced trade deal.
Trump previously has threatened to impose import taxes as great as 35% on German brands, which account for most European vehicles sold in the U.S.
The president’s remarks confirm the widely assumed conclusion of last weekend’s still-secret report from the U.S. Dept. of Commerce: that imported European vehicles are a threat to national security.
The White House argues that if European-built cars weren’t shielded by unfair tariffs and trade practices, more of them would be built in the U.S. instead. Trump contends that equalizing trade rules would result in more jobs in the U.S.
German producers already make roughly 800,000 cars and crossover vehicles per year in U.S. factories. Much of that output is shipped out of the U.S. to other countries. But those carmakers also send more than 500,000 vehicles annually into the American market from plants located elsewhere.
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